RIAL Series, 2014 - LT6, is a liquidation vehicle that monetizes recoveries from 1,032 repossessed properties, non-performing loans and a few performing loans with an aggregate unpaid principal balance of $524.5 million,
The company, which has acquired over 8000 homes in 20 markets across the U.S., plans to sell $473 million of bonds backed by a single loan that is in turn secured by the rental payments on a pool of 3,142 single family homes.
Westgate Resorts plans to issue a $215 million securitization of mortgage loans used to purchase timeshare Loans, according to a DBRS presale report.
The $488 million American Homes 4 Rent 2014-SFR2 has an initial fixed weighted average coupon rate of 4.386% for a 10-year term.
Oppenheimer will return to court on Wednesday afternoon to defend a motion to add to the list of defendants in its complaint against the Rhode Island Tobacco Settlement Financing Corporation.
A two-year extension to the deadline for banks to conform CLO holdings to the Volcker Rule doesn't apply to all, the Federal Reserve says.
Despite regulatory hurdles, participants see nothing in the way of issuance reaching $60 billion to $70 billion this year.
Finke says the industry needs to address the lack of understanding about its performance and role in the economy.
Two academics argue that aggreggating standardized assets is key to solar securitization, which can meaningfully reduce funding costs for developers.
Despite pressure from Capitol Hill, regulators are disinclined to allow banks to hold collateralized loan obligations backed by bonds.
Vice President of Regulatory Compliance
Firm: Clayton Holdings
In the news: How Ability-to-Repay Rules Could Reshape RMBS Market
As more and more Chinese gain the financial access to buy a car with a loan, lenders will look increasingly to securitization to keep origination going.Current Issue